Exit Strategy

Home / Sell Your Business / Exit Strategy

He who prepares, wins.

Successful exiting of your business requires strategy and preparation

What is an Exit Strategy?

  • A contingency to exit your business upon short notice or a pre-determined time/event.
  • This process can easily take six to twelve months or longer.

Why have an Exit Strategy?

 
  • For most owners, their business is their largest and least liquid asset.
  • Preparation can:
    • Increase the amount of money in your pocket at the close.
    • Decrease the amount of time it takes to sell.
    • Improve the chances it will sell at all.
  • An exit strategy is just good business practice.
 
 

What is the Best Exit Strategy?

There are different exit strategies for small to large business owners

Preparation

 
  • Put a financial and estate plan in place.
  • Have your business valued and your business plan updated every year.
  • Understand intimately all of your company’s value drivers, risk factors, and potential synergies.
  • Keep driving value growth.
  • To be completely ready, you should put together a data room filled with all of the documentation required for due diligence.
 
Your transaction team includes business brokers, transaction attorneys, estate planners and accountants

Earmark your Transaction Team

 

Execution


 
 
Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations